FMC Corporation (NYSE:FMC) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate FMC “Hold” on average: Of 14 brokerages, seven recommend holding, four rate it a buy and three rate it a sell. The average 12-month price target is $14.38.
• Recent financial results were mixed: FMC reported quarterly EPS of $0.26, beating estimates, but revenue of $841.4 million fell short of forecasts and declined 17.5% year over year. The stock opened at $9.09, near its 12-month low of $9.07.
• FMC will pay a quarterly dividend of $0.08 per share, equivalent to $0.32 annually and a 3.5% yield. Institutional investors and hedge funds own approximately 91.86% of the company.

Shares of FMC Corporation (NYSE:FMC - Get Free Report) have earned an average recommendation of "Hold" from the fourteen brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.38.

Several research firms have recently weighed in on FMC. Citigroup reissued a "buy" rating on shares of FMC in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $18.00 target price on shares of FMC in a research report on Friday, July 31st. KeyCorp started coverage on shares of FMC in a research note on Friday, September 11th. They set an "overweight" rating and a $16.00 target price for the company. Seaport Research Partners set a $21.00 price target on shares of FMC in a report on Tuesday, August 4th. Finally, BMO Capital Markets set a $14.00 price target on shares of FMC in a research report on Friday, July 3rd.

Institutional Trading of FMC

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of FMC in the second quarter valued at $8,498,000. AXQ Capital LP lifted its position in FMC by 109.9% in the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company's stock worth $4,217,000 after purchasing an additional 191,945 shares during the period. SG Americas Securities LLC boosted its stake in FMC by 6.7% during the first quarter. SG Americas Securities LLC now owns 213,656 shares of the basic materials company's stock worth $3,679,000 after buying an additional 13,330 shares in the last quarter. Wellington Management Group LLP boosted its stake in FMC by 142.4% during the second quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company's stock worth $2,704,000 after buying an additional 138,098 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in FMC in the 1st quarter valued at $1,401,000. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Price Performance

NYSE FMC opened at $9.09 on Wednesday. FMC has a twelve month low of $9.07 and a twelve month high of $33.64. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.48 and a current ratio of 1.99. The stock has a market capitalization of $1.14 billion, a PE ratio of -0.41 and a beta of 0.41. The stock has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $12.68.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $841.40 million during the quarter, compared to the consensus estimate of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The firm's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. Research analysts anticipate that FMC will post 1.27 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.5%. FMC's dividend payout ratio (DPR) is currently -1.45%.

FMC Company Profile

FMC Corporation is an agricultural sciences company that develops, manufactures and markets crop protection products. Its portfolio includes insecticides, herbicides, fungicides and other solutions designed to help farmers manage weeds, insects and plant diseases and improve crop productivity.

The company serves agricultural customers through a global commercial and research network, providing products for major crops such as cereals, corn, cotton, fruits, vegetables, rice and soybeans.

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